Page 19 - AsianOil Week 13 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global FSU OGM: Fresh gas find in Caspian
(NRG), in which the reader is invited to join BP and Azerbaijan’s state-owned SOCAR have
our team of international editors, who provide a made an ultra-deep gas and condensate discov-
snapshot of some of the key issues affecting their ery in the Caspian Sea after 14 months of drilling.
regional beats. We hope you will like NRG's new The well at the Shafag-Asiman block was sunk
concise format, but by clicking on the headline to a depth of almost 7,200 metres. It is the first
link for each section the full text will be available borehole to be completed in years in the Azeri
as before. Caspian Sea, where exploration activity has been
muted because of low oil prices and rig scarcity.
AfrOil: Mozambique’s security setback
THE Mozambique LNG consortium has suf- GLNG: Cheniere train approved
fered another serious setback within the last THE third train at Cheniere Energy’s Corpus
week. Total, the operator of the group, has Christi LNG export terminal on the Texas Gulf
suspended operations and evacuated nearly Coast has been approved by the US Federal Energy
all workers from the site on the Afungi Regulatory Commission (FERC) to enter commer-
Peninsula where it has been building a gas cial service. This comes after the train has already
liquefaction plant since March 24, when been operating in test mode for months.
the nearby town of Palma was besieged by
fighters loyal to Ahlu Sunnah Wa-Jamo LatAmOil: AMLO’s latest salvo
(ASWJ). Mozambique’s armed forces have MEXICAN President Andres Manuel Lopez
been trying to regain control of Palma, but Obrador has reportedly stepped up his campaign
as of press time, security conditions in the to secure state control over the energy industry.
area were still precarious. According to Reuters, the president has sent a
bill to Congress that gives the government the
DMEA: Money matters in Saudi right to suspend permits granted to the develop-
TWO significant Saudi Arabian financial deals ers of oil and gas fields under certain conditions.
came to the fore this week centring on petro-
chemicals and pipelines. Saudi Aramco and MEOG: Oil deals abound
Dow Chemical reached a debt restructuring LAST week was one of deals in the Middle East
agreement for their Sadara Chemical Co. joint as political, field development and maintenance
venture (JV) while allocating more gas to the agreements were reached as producers look to
plant. Aramco is also reported to have asked sustain and grow production. Iraq signed deals
banks for proposals to provide funding that it with Total and Schlumberger while noting its
intends to offer companies considering leasing intention to increase production capacity to 8mn
a stake in its oil pipelines division. barrels per day (bpd) by 2029.

Euroil: North Sea M&A heats up NorthAmOil: Chevron eyes Shell refinery
POLISH gas company PGNiG has continued SUPER-MAJOR Chevron has reportedly
its acquisition spree off Norway with its biggest emerged as the leading contender to buy a refin-
purchase to date worth $615mn. ery in the US Pacific Northwest that is owned by
The state-owned firm has struck a deal to Royal Dutch Shell. This was reported by Reuters,
acquire the Norwegian business of UK group which cited three sources familiar with the mat-
Ineos, which produces around 33,000 barrels of ter on March 27 as saying that Chevron was first
oil equivalent per day (boepd), including 1.5bn in line to buy the Puget Sound refinery in Ana-
cubic metres per year of gas. cortes, Washington State.™

Week 13 01•April•2021 www. NEWSBASE .com P19